The global navigation light panels market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for navigation light panels in commercial vessels and military vessels. The increasing demand for navigation light panels in commercial vessels is due to the increase in trade and transportation activities across the globe, which has led to an increase in maritime accidents. In addition, there are various regulations that have been imposed by governments across the world on ships with regards to navigation lights such as International Maritime Organization (IMO) regulations on ship lighting systems and SOLAS (Safety Of Life At Sea) regulations on ship lighting systems. These regulations have increased the demand for navigation light panels among commercial vessels.
The global DC Navigation Light Panels market is expected to grow at a CAGR of 6% during the forecast period, from 2021-2030. This growth can be attributed mainly due to its high efficiency and low power consumption when compared with AC Navigation Light Panels which makes it more suitable for use in military vessels where power supply may not be reliable or available all times or where space constraints are an issue as DC Navigation Light Panels take up less space than AC Navigation Light Panels do.
Some Of The Growth Factors Of This Market:
- The increasing demand for navigation light panels from the marine industry is a major factor driving the growth of this market.
- The increasing number of accidents at sea due to lack of visibility is also a major factor driving the growth of this market.
- The need for navigation light panels in order to comply with international regulations and standards is another factor driving the growth of this market.
- Increasing awareness about safety at sea among consumers, which has led to an increase in demand for navigation light panels, is another factor driving the growth of this market.
- Increasing focus on environmental protection and sustainability by governments across various regions, which has led to an increase in demand for navigation light panels that are energy efficient and eco-friendly, is another factor driving the growth of this market.
Industry Growth Insights published a new data on “Navigation Light Panels Market”. The research report is titled “Navigation Light Panels Market research by Types (AC Navigation Light Panels, DC Navigation Light Panels, Others), By Applications (Military Vessels, Commercial Vessels, Others), By Players/Companies Glamox AS, Pan Delta Controls, Larsen?Toubro, J Box, Peters + Bey, McGeoch Technology, KTE, Comar Electric, Terasaki Electric, Prime Mover Controls, Sanko Electric, R. Stahl Tranberg AS, Praxis Automation Technology, Den Haan Rotterdam”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Navigation Light Panels Market Research Report
By Type
AC Navigation Light Panels, DC Navigation Light Panels, Others
By Application
Military Vessels, Commercial Vessels, Others
By Companies
Glamox AS, Pan Delta Controls, Larsen?Toubro, J Box, Peters + Bey, McGeoch Technology, KTE, Comar Electric, Terasaki Electric, Prime Mover Controls, Sanko Electric, R. Stahl Tranberg AS, Praxis Automation Technology, Den Haan Rotterdam
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Navigation Light Panels Market Report Segments:
The global Navigation Light Panels market is segmented on the basis of:
Types
AC Navigation Light Panels, DC Navigation Light Panels, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military Vessels, Commercial Vessels, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glamox AS
- Pan Delta Controls
- Larsen?Toubro
- J Box
- Peters + Bey
- McGeoch Technology
- KTE
- Comar Electric
- Terasaki Electric
- Prime Mover Controls
- Sanko Electric
- R. Stahl Tranberg AS
- Praxis Automation Technology
- Den Haan Rotterdam
Highlights of The Navigation Light Panels Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Navigation Light Panels
- DC Navigation Light Panels
- Others
- By Application:
- Military Vessels
- Commercial Vessels
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Navigation Light Panels Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Navigation light panels are a type of lighting system that is used to help drivers see while driving at night or in low-light conditions. They consist of a series of LED lights that are mounted on the roof or front bumper of a vehicle, and they provide illumination for the driver so they can see where they're going.
Some of the key players operating in the navigation light panels market are Glamox AS, Pan Delta Controls, Larsen?Toubro, J Box, Peters + Bey, McGeoch Technology, KTE, Comar Electric, Terasaki Electric, Prime Mover Controls, Sanko Electric, R. Stahl Tranberg AS, Praxis Automation Technology, Den Haan Rotterdam.
The navigation light panels market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Navigation Light Panels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Navigation Light Panels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Navigation Light Panels Market - Supply Chain
4.5. Global Navigation Light Panels Market Forecast
4.5.1. Navigation Light Panels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Navigation Light Panels Market Size (000 Units) and Y-o-Y Growth
4.5.3. Navigation Light Panels Market Absolute $ Opportunity
5. Global Navigation Light Panels Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Navigation Light Panels Market Size and Volume Forecast by Type
5.3.1. AC Navigation Light Panels
5.3.2. DC Navigation Light Panels
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Navigation Light Panels Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Navigation Light Panels Market Size and Volume Forecast by Application
6.3.1. Military Vessels
6.3.2. Commercial Vessels
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Navigation Light Panels Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Navigation Light Panels Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Navigation Light Panels Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Navigation Light Panels Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Navigation Light Panels Demand Share Forecast, 2019-2026
9. North America Navigation Light Panels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Navigation Light Panels Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Navigation Light Panels Market Size and Volume Forecast by Application
9.4.1. Military Vessels
9.4.2. Commercial Vessels
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Navigation Light Panels Market Size and Volume Forecast by Type
9.7.1. AC Navigation Light Panels
9.7.2. DC Navigation Light Panels
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Navigation Light Panels Demand Share Forecast, 2019-2026
10. Latin America Navigation Light Panels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Navigation Light Panels Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Navigation Light Panels Market Size and Volume Forecast by Application
10.4.1. Military Vessels
10.4.2. Commercial Vessels
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Navigation Light Panels Market Size and Volume Forecast by Type
10.7.1. AC Navigation Light Panels
10.7.2. DC Navigation Light Panels
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Navigation Light Panels Demand Share Forecast, 2019-2026
11. Europe Navigation Light Panels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Navigation Light Panels Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Navigation Light Panels Market Size and Volume Forecast by Application
11.4.1. Military Vessels
11.4.2. Commercial Vessels
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Navigation Light Panels Market Size and Volume Forecast by Type
11.7.1. AC Navigation Light Panels
11.7.2. DC Navigation Light Panels
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
1.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Navigation Light Panels Demand Share, 2019-2026
12. Asia Pacific Navigation Light Panels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Navigation Light Panels Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Navigation Light Panels Market Size and Volume Forecast by Application
12.4.1. Military Vessels
12.4.2. Commercial Vessels
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Navigation Light Panels Market Size and Volume Forecast by Type
12.7.1. AC Navigation Light Panels
12.7.2. DC Navigation Light Panels
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Navigation Light Panels Demand Share, 2019-2026
13. Middle East & Africa Navigation Light Panels Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Navigation Light Panels Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Navigation Light Panels Market Size and Volume Forecast by Application
13.4.1. Military Vessels
13.4.2. Commercial Vessels
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Navigation Light Panels Market Size and Volume Forecast by Type
13.7.1. AC Navigation Light Panels
13.7.2. DC Navigation Light Panels
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Navigation Light Panels Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Navigation Light Panels Market: Market Share Analysis
14.2. Navigation Light Panels Distributors and Customers
14.3. Navigation Light Panels Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Glamox AS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Pan Delta Controls
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Larsen?Toubro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. J Box
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Peters + Bey
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. McGeoch Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KTE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Comar Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Terasaki Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Prime Mover Controls
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sanko Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. R. Stahl Tranberg AS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Praxis Automation Technology
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Den Haan Rotterdam
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
